WeDo Trade Finance Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12897120

WeDo Trade Finance Limited

Filleted Financial Statements

31 December 2024

WeDo Trade Finance Limited

Statement of Financial Position

31 December 2024

	31 Dec 24	31 Jul 23
Note	£	£

Current assets

Debtors	5	5,294,742	4,285,899
Cash at bank and in hand		323,470	572,588
		-----------	-----------
		5,618,212	4,858,487

Creditors: amounts falling due within one year	6	5,483,440	4,798,261
		-----------	-----------
Net current assets		134,772	60,226
		---------	-------
Total assets less current liabilities		134,772	60,226
		---------	-------
Net assets		134,772	60,226
		---------	-------

Capital and reserves

Called up share capital	7	100	100
Profit and loss account		134,672	60,126
		---------	-------
Shareholders funds		134,772	60,226
		---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

Mr M J Lindsay	Mr V Tovey
Director	Director

Company registration number: 12897120

WeDo Trade Finance Limited

Notes to the Financial Statements

Period from 1 August 2023 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suites 3 and 4, First Floor, Annie Kenney Mill, Hudson Street, Oldham, OL9 7FQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2023: 3 ).

5. Debtors

	31 Dec 24	31 Jul 23
	£	£
Trade debtors	5,294,343	4,285,835
Other debtors	399	64
	-----------	-----------
	5,294,742	4,285,899
	-----------	-----------

6. Creditors: amounts falling due within one year

	31 Dec 24	31 Jul 23
	£	£
Trade creditors	77,959	55,056
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,355,171	4,483,848
Social security and other taxes	12,890	32,063
Other creditors	37,420	227,294
	-----------	-----------
	5,483,440	4,798,261
	-----------	-----------

7. Called up share capital

Issued, called up and fully paid

	31 Dec 24		31 Jul 23
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Summary audit opinion

The auditor's report dated 29 August 2025 was unqualified .

The senior statutory auditor was Julie Curtis FCA , for and on behalf of Allen, West and Foster .

9. Related party transactions

The company has taken advantage of the exemption to disclose transactions with the parent company and other subsidiaries.

10. Controlling party

WeDo Trade Finance Limited is a subsidiary of WeDo Business Finance Limited (formerly WeDo Business Services Limited) whose registered office is Suites 3 and 4, Annie Kenney Mill, Hudson Street, Oldham, OL9 7FQ. The company is consolidated within the accounts of the parent company which are available from Companies House. The ultimate controlling party is Mark Lindsay, majority shareholder of WeDo Business Finance Limited.